My First Question Isn’t “Where Will BTC Go?”
Whenever I look at Bitcoin, I try not to start with:
“Will BTC go up or down?”
My first question is:
“Where am I wrong?”
If I’m looking for a long, I need to know the level that invalidates the idea.
If I’m looking for a short, same thing.
Before thinking about profit, I think about risk.
For example:
Entry → planned
Stop → planned
Target → planned
Position size → planned
Only after that do I think about the potential reward.
Because a trade doesn’t become good just because the target looks attractive.
And leverage doesn’t make a setup better.
It only makes mistakes more expensive.
Protect the account first. Look for the next opportunity second.$BTC #btc
Whenever I look at Bitcoin, I try not to start with:
“Will BTC go up or down?”
My first question is:
“Where am I wrong?”
If I’m looking for a long, I need to know the level that invalidates the idea.
If I’m looking for a short, same thing.
Before thinking about profit, I think about risk.
For example:
Entry → planned
Stop → planned
Target → planned
Position size → planned
Only after that do I think about the potential reward.
Because a trade doesn’t become good just because the target looks attractive.
And leverage doesn’t make a setup better.
It only makes mistakes more expensive.
Protect the account first. Look for the next opportunity second.$BTC #btc
